The European Parliament Proposes Establishing a Critical Raw Materials Center
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Members of the European Parliament voted to propose the establishment of a Critical Raw Materials Center, which will receive 2 billion euros from the EU's next long-term budget to invest in critical raw material supply chains and enhance Europe's domestic ore mining and refining capabilities. The relevant measures still require approval from EU member states. ZeroHedge stated that the EU's move follows the Trump administration's critical raw material support strategy to promote the development of the domestic rare earth industry.
AI-generated from reports · 27 min agoUpdated
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- ZeroHedgeEurope Plans to Copy Trump's Critical Raw Materials Strategy
The European Union is considering replicating the Trump administration's support strategy for critical raw materials to boost its domestic rare earth industry. Members of the European Parliament voted last week to propose the establishment of a 'Critical Raw Materials Center,' which would receive 2 billion euros from the EU's next long-term budget to invest in critical raw material supply chains and enhance Europe's domestic ore mining and refining capabilities. The relevant measures still require approval from member states.
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